Guest amock Posted February 10, 1999 Posted February 10, 1999 Does any one have or know where to find sample approved plan and SPD language to accomodate "negative elections"? ------------------ Alan Mock
Wessex Posted February 11, 1999 Posted February 11, 1999 If anyone does have sample language, I too would be very interested.
Guest pensionperson Posted February 25, 1999 Posted February 25, 1999 I'd like to see any language also ------------------
Guest Crystal Posted March 2, 1999 Posted March 2, 1999 At a recent PPD class the speaker (Steve Forbes) indicated that their new doc, amended for SBJPA, TRA 97, etc., would include language for negative elections.
Guest Edward McElroy Posted March 31, 1999 Posted March 31, 1999 I don't want to appear as a broken record, but has anyone seen any negative election language. Thanks for your time. Ed
Guest Kerry Posted April 13, 1999 Posted April 13, 1999 I'm not sure if this is applicable, but we make the new hire sign a statement that says that they understand that 2% of their earnings will go into the plan's most conservative investment, unless they inform the HR department within 7 days. This is a part of our new hire process and has proven effective in building participation.
Larry M Posted April 13, 1999 Posted April 13, 1999 Kerry, How do you define "the plan's most conservative investment"? How is it defined? Is it cash? government bonds? money market? Since one of the problems with employees' long range investing is their purchase of low yielding items, why not start by placing the money in the equivalent of an index fund (Assuming one is available)? Or, more conservatively, a large cap fund?
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